Matin Spinning Mills (DHA:MATINSPINN) Cyclically Adjusted PB Ratio: 0.98 (As of Jul. 29, 2026) — 17% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

DHA:MATINSPINN Matin Spinning Mills PLC DHA:MATINSPINN
94 GF Score
Price BDT60.40
GF Value BDT54.27
Valuation Modestly Overvalued
! 12 Warning Signs
View Full Analysis

What is Matin Spinning Mills Cyclically Adjusted PB Ratio?

Matin Spinning Mills DHA:MATINSPINN +3.60% 94 Cyclically Adjusted PB Ratio is 0.98 as of Jul. 29, 2026, which is 17% above its 10-year median of 0.84. GuruFocus rates DHA:MATINSPINN with a GF Score™ of 94/100 and a GF Value™ of BDT54.27 (Modestly Overvalued). The stock has 12 warning signs investors should review. Among 872 Manufacturing - Apparel & Accessories companies, Matin Spinning Mills ranks better than 53.21% on this metric.

As of today (2026-07-29), Matin Spinning Mills's current share price is BDT60.40. Matin Spinning Mills's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was BDT61.53. Matin Spinning Mills's Cyclically Adjusted PB Ratio for today is 0.98.

The historical rank and industry rank for Matin Spinning Mills's Cyclically Adjusted PB Ratio or its related term are showing as below:

DHA:MATINSPINN' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.73   Med: 0.84   Max: 1.48
Current: 0.91

During the past years, Matin Spinning Mills's highest Cyclically Adjusted PB Ratio was 1.48. The lowest was 0.73. And the median was 0.84.

DHA:MATINSPINN's Cyclically Adjusted PB Ratio is ranked better than
53.21% of 872 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.98 vs DHA:MATINSPINN: 0.91

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Matin Spinning Mills's adjusted book value per share data for the three months ended in Mar. 2026 was BDT69.510. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is BDT61.53 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Matin Spinning Mills  (DHA:MATINSPINN) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Matin Spinning Mills Cyclically Adjusted PB Ratio Related Terms


Matin Spinning Mills Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Matin Spinning Mills's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Matin Spinning Mills Cyclically Adjusted PB Ratio Chart

Matin Spinning Mills Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 1.41 0.77 0.77

Matin Spinning Mills Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.77 0.77 0.94 0.75 0.75

Matin Spinning Mills Cyclically Adjusted PB Ratio Competitor Comparison

For the Textile Manufacturing subindustry, Matin Spinning Mills's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Matin Spinning Mills Cyclically Adjusted PB Ratio vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Matin Spinning Mills's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Matin Spinning Mills's Cyclically Adjusted PB Ratio falls into.


DHA:MATINSPINN
94GF Score
Matin Spinning Mills PLC DHA:MATINSPINN
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Matin Spinning Mills Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Matin Spinning Mills's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=60.40/61.53
=0.98

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Matin Spinning Mills's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Matin Spinning Mills's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=69.51/330.2130*330.2130
=69.510

Current CPI (Mar. 2026) = 330.2130.

Matin Spinning Mills Quarterly Data

Book Value per Share CPI Adj_Book
201606 41.644 241.018 57.055
201609 42.090 241.428 57.569
201612 40.255 241.432 55.058
201703 40.901 243.801 55.398
201706 41.987 244.955 56.601
201709 42.530 246.819 56.900
201712 43.434 246.524 58.179
201803 42.890 249.554 56.753
201806 43.627 251.989 57.170
201809 44.195 252.439 57.811
201812 44.745 251.233 58.811
201903 42.718 254.202 55.491
201906 42.903 256.143 55.309
201909 43.084 256.759 55.410
201912 42.216 256.974 54.248
202003 43.101 258.115 55.140
202006 49.292 257.797 63.138
202009 50.160 260.280 63.637
202012 49.620 260.474 62.905
202103 51.543 264.877 64.257
202106 53.814 271.696 65.404
202109 56.530 274.310 68.051
202112 55.396 278.802 65.611
202203 57.838 287.504 66.430
202206 60.628 296.311 67.565
202209 62.709 296.808 69.767
202212 59.522 296.797 66.224
202303 59.641 301.836 65.248
202306 60.037 305.109 64.977
202309 59.033 307.789 63.334
202312 56.207 306.746 60.507
202403 57.195 312.332 60.469
202406 57.681 314.175 60.625
202409 58.714 315.301 61.491
202412 55.303 315.605 57.863
202503 56.362 319.799 58.197
202506 69.892 322.561 71.550
202509 70.729 324.800 71.908
202512 68.260 324.054 69.557
202603 69.510 330.213 69.510

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

What does a Cyclically Adjusted PB Ratio of 0.98 mean?
Matin Spinning Mills (DHA:MATINSPINN) has a Cyclically Adjusted PB Ratio of 0.98 as of Jul. 29, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Matin Spinning Mills and its competitors. This is 17% above median its historical median of 0.84. Over the past decade, Matin Spinning Mills' Cyclically Adjusted PB Ratio has ranged from 0.73 to 1.48. According to the industry distribution chart, Matin Spinning Mills ranks #408 out of 872 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 46.8%.
Is Matin Spinning Mills' Cyclically Adjusted PB Ratio too high?
Matin Spinning Mills' current Cyclically Adjusted PB Ratio of 0.98 is 17% above median its 10-year median of 0.84. Over the past 10 years, this metric has ranged from a low of 0.73 to a high of 1.48. The Manufacturing - Apparel & Accessories industry median Cyclically Adjusted PB Ratio is 0.98. Matin Spinning Mills' value of 0.98 is 0% at this industry median. Based on the distribution chart, Matin Spinning Mills ranks #408 out of 872 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, Matin Spinning Mills has a GF Score™ of 94/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Matin Spinning Mills' Cyclically Adjusted PB Ratio compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Matin Spinning Mills ranks #408 out of 872 companies for Cyclically Adjusted PB Ratio. This puts Matin Spinning Mills in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.98. Matin Spinning Mills' value of 0.98 is 0% at this benchmark. Historically, Matin Spinning Mills' own Cyclically Adjusted PB Ratio has ranged from 0.73 to 1.48 over the past decade. While the company's 10-year median is 0.84 vs. the industry median of 0.98, Matin Spinning Mills has consistently been at the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Manufacturing - Apparel & Accessories company?
The median Cyclically Adjusted PB Ratio among Manufacturing - Apparel & Accessories companies is 0.98, based on 872 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Matin Spinning Mills's current Cyclically Adjusted PB Ratio of 0.98 is 0% at the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Matin Spinning Mills and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Cyclically Adjusted PB Ratio is 0.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Matin Spinning Mills's current Cyclically Adjusted PB Ratio is 0.98, which is 17% above median its own 10-year median of 0.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Matin Spinning Mills stock overvalued right now?
Based on GuruFocus' analysis, Matin Spinning Mills (DHA:MATINSPINN) is currently considered Modestly Overvalued. The stock's GF Value™ is BDT54.27, compared to a current price of BDT60.40 — trading 11.3% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.98, which is 17% above median its 10-year median of 0.84 and 0% at the Manufacturing - Apparel & Accessories industry median of 0.98. Matin Spinning Mills' overall GF Score™ is 94/100 with 12 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Matin Spinning Mills (DHA:MATINSPINN), the current Cyclically Adjusted PB Ratio is 0.98 as of Jul. 29, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Matin Spinning Mills (DHA:MATINSPINN) Overvalued in 2026?

Based on GuruFocus' analysis, Matin Spinning Mills stock appears to be overvalued. The current stock price of BDT60.40 is trading 11.3% above its estimated GF Value™ of BDT54.27. GuruFocus considers Matin Spinning Mills to be Modestly Overvalued.

Key valuation signals for DHA:MATINSPINN:

  • Cyclically Adjusted PB Ratio: 0.98 (17% above median its 10-year median of 0.84)
  • GF Value™: BDT54.27 vs. price of BDT60.40 (11.3% above fair value)
  • GF Score™: 94/100 with 12 warning signs
  • Industry Position: 0% at the Manufacturing - Apparel & Accessories median (#408 of 872)

No single metric tells the full story. See the DHA:MATINSPINN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Matin Spinning Mills Business Description

Address Road No. 3, House 50, Capital South Avenue Tower, 6th Floor, 7 Gulshan Avenue, Gulshan-1, Dhaka, BGD, 1212
Matin Spinning Mills PLC manufactures and sells all types of cotton, viscose, polyester, melange, and their blends in Bangladesh. The company's manufacturing plant is located in Sardagonj, Dhaka, Bangladesh. Its products include regular yarn, sustainable yarn, melange yarn, slub yarn, blended yarn, injected yarn, neppy yarn, siro yarn, snow yarn, and post-spinning facilities and services.
94GF Score

Get the complete analysis for DHA:MATINSPINN

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

BDT60.40
Price
BDT54.27
GF Value